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- LoopNet Team
2301 Fremont St
Monterey, CA 93940
7-Eleven · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 2301 FREMONT ST , MONTEREY, CA 93940
Mahoney & Associates is pleased to offer for sale 2301 Fremont Street, Monterey, CA. This property is a credit tenant passive investment opportunity and requires an all cash transaction with no seller financing. Rent is triple net. The current tenant has been there since 1980. 8 years remain on the lease and the tenant has two additional 5 year options to renew. These options require a 180 day notice and calls for the rent to be at fair market value (FMV). The building is leased to 7-Eleven Inc. (7-11) who holds an AA- investment credit rating from Standard & Poor’s. 7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. 7-Eleven operates, franchises or licenses more than 66,000 stores in 17 countries, including 11,800 in North America. 7-Eleven ranked #2 on Entrepreneur magazine’s 2018 Top Global Franchises List and #32 on the Stores magazine’s Top 2018 Retailers and reported revenues of $14.33 Billion in 2017. This store is a corporate lease.
PROPERTY TAXES
| Parcel Number | 013-134-036-000 | Improvements Assessment | $405,756 |
| Land Assessment | $2,080,800 | Total Assessment | $2,486,556 |
PROPERTY TAXES
